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On January 1, Year 1, Company acquired a trademark (tradename) from Bankrupt Company for $800,000. At the date of acquisition, the trademark had a remaining

On January 1, Year 1, Company acquired a trademark (tradename) from Bankrupt Company for $800,000. At the date of acquisition, the trademark had a remaining legal life of 8 Years.

Determine the Amortization expense for Year 1.

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